H2OASIS

Make a splash! In March 2003 a tropical oasis was born in Anchorage. H2Oasis is literally and figuratively the hottest spot in Alaska for family fun and adventure. With the Master Blaster water coaster, wave pool, lazy river and body slides, there is something for everyone. Adults can relax in the hot tub while the little ones explore the Sea Dragon Pirate Ship with seven slides.

H2Oasis offers an express gym with free weights and workout machines overlooking the waterpark, so you can get in your workout while the kids splash around in the pools below. With palm trees, 84 degree water and atmosphere, every day is a day at the beach.

In November 2007, AIDEA and Northrim Bank refinanced Alaska Waterpark Company, Inc.'s existing debt and provided funds for the installation of a 368 foot long, 42 inch diameter open flume waterslide for a total of $3,630,000. AIDEA's portion of the loan is $2,995,000 and Northrim Bank's share is $635,000.

H2Oasis brings something to Alaska that might not otherwise exist. Not only does the waterpark provide fun for the whole family, H2Oasis is a locally owned company that focuses on local hire and training and provides up to 150 jobs per year. It doesn't stop there. Plans are in the works to add a hotel to the waterpark, thus creating a destination resort.

"AIDEA and Northrim were able to provide a much more suitable loan with better terms. We needed a good, solid loan for the long run." Alaska Waterpark Company, Inc., President & CEO Dennis Prendeville